Twin Capital Management Inc. Trims Stake in Everest Group, Ltd. $EG
Twin Capital Management Inc. reduced its stake in Everest Group, Ltd. (NYSE:EG) by 53.9% in Q3, now holding 3,925 shares valued at $1.375 million. Other institutional investors also adjusted their positions, with Poehling Capital increasing its stake by 3.6% and Savant Capital growing its stake by 95.6%. Everest Group's stock opened at $328.72, with a market cap of $13.80 billion. The company reported a quarterly EPS of $13.26, missing estimates, and anticipates a yearly EPS of 47.93. Analysts have mixed ratings, with a consensus rating of "Hold" and an average price target of $363.07.
Twin Capital Management Inc. lowered its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 53.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,925 shares of the company's stock after selling 4,593 shares during the quarter. Twin Capital Management Inc.'s holdings in Everest Group were worth $1,375,000 at the end of the most recent quarter.
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A number of other institutional investors have also made changes to their positions in the stock. Poehling Capital Management INC. lifted its holdings in shares of Everest Group by 3.6% in the 3rd quarter. Poehling Capital Management INC. now owns 3,434 shares of the company's stock worth $1,203,000 after acquiring an additional 120 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Everest Group by 26.2% during the third quarter. Bessemer Group Inc. now owns 549 shares of the company's stock worth $193,000 after buying an additional 114 shares during the period. Savant Capital LLC grew its stake in shares of Everest Group by 95.6% in the third quarter. Savant Capital LLC now owns 19,258 shares of the company's stock valued at $6,745,000 after buying an additional 9,414 shares in the last quarter. Hartford Investment Management Co. raised its holdings in shares of Everest Group by 1.7% in the 3rd quarter. Hartford Investment Management Co. now owns 3,441 shares of the company's stock valued at $1,205,000 after buying an additional 56 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in Everest Group by 0.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 28,612 shares of the company's stock worth $10,021,000 after acquiring an additional 122 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.
Everest Group Stock Up 0.9%
EG opened at $328.72 on Friday. The stock has a market capitalization of $13.80 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.23 and a beta of 0.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.37. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $370.20. The business's 50-day simple moving average is $327.12 and its 200-day simple moving average is $332.51.
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Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The company reported $13.26 EPS for the quarter, missing the consensus estimate of $13.36 by ($0.10). The firm had revenue of $4.42 billion for the quarter, compared to analyst estimates of $3.97 billion. Everest Group had a return on equity of 12.50% and a net margin of 9.09%.The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same period last year, the firm earned ($18.39) EPS. Analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on EG shares. UBS Group reissued a "buy" rating and set a $345.00 price target on shares of Everest Group in a research report on Monday, January 12th. Wall Street Zen cut shares of Everest Group from a "buy" rating to a "hold" rating in a research report on Sunday, November 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Everest Group in a research report on Thursday, January 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. Finally, Evercore set a $365.00 price target on Everest Group in a report on Wednesday, January 7th. Six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $363.07.
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Read Our Latest Research Report on EG
About Everest Group
(Free Report)Everest Group NYSE: EG is a global research and consulting firm specializing in strategic advisory, market intelligence, and data-driven analysis for business process, information technology, and emerging technology services. The company provides insights and benchmarks that help enterprises and service providers optimize digital transformation initiatives, sourcing strategies, and operational performance. Through its proprietary research frameworks and data analytics, Everest Group delivers actionable guidance on areas such as automation, cloud migration, customer experience, and supply chain resilience.
With offerings that span advisory engagements, managed services research, and consulting projects, Everest Group serves multiple industry verticals, including banking and financial services, healthcare, manufacturing, telecommunications, and retail.
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